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Top Chinese Offshore Gas Field Ships 100th Oil Cargo
Market Intelligence Analysis
AI-Powered
Why This Matters
China's largest offshore gas field, Deep Sea No. 1, has reached a milestone by shipping its 100th cargo of condensate, indicating a significant increase in oil and gas production.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
China’s largest and deepest offshore gas field has shipped its 100th cargo of condensate, China National Offshore Oil Corporation (CNOOC), China’s top offshore crude oil and natural gas producer, said on Friday. Production of the first phase of the gas field, Deep Sea No. 1, began in 2021, with the second development phase commencing in 2025, said the company quoted by Chinese state news agency Xinhua. In 2025, total oil and gas output at Deep Sea No. 1 topped 4.5 million tons of oil equivalent, which would be comparable…
Original article published by
OilPrice.com
on January 2, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.